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PNB raises Rs 1,800 crore through Long term bonds

25 Mar 2015 Evaluate

Punjab National Bank (PNB) has raised Rs 1,800 crore Long term bonds for Infrastructure (Project) Finance and Affordable Housing in the nature of debentures at an annual coupon of 8.35% on private placement basis on March 24, 2015 and same will mature on March 24, 2025.

The bank has registered a rise of 2.54% in its net profit at Rs 774.56 crore for third quarter ended December 31, 2014 under review as compared to Rs 755.41 crore for the same quarter in the previous year. Total income of the bank has increased 8.24% at Rs 12904.85 crore for Q3FY15 as compared Rs 11922.3 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) increased to 5.97% in the October- December quarter as against 4.96% in the same quarter previous year, while net NPAs stood at 3.82%.



PNB Share Price

107.90 -0.90 (-0.83%)
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Peers
Company Name CMP
SBI 1059.75
PNB 107.90
Canara Bank 134.30
Bank Of Baroda 263.30
Union Bank Of India 163.80
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